An Economic Assessment of Surface Freight Transportation Deregulation (Classic Reprint) PDF Download
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Author: Nancy L. Rose
Publisher:
ISBN: 9781330851722
Category : Reference
Languages : en
Pages : 44
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Book Description
Excerpt from An Economic Assessment of Surface Freight Transportation Deregulation Regulatory reforms during the late 1970 sand early1980s dramatically transformed the structure and performance of the U.S. surface freight transportation industry. After four decades of gradual decline, the number of firms in the interstate trucking industry exploded, increasing from 16,000 in 1975 to more than 33,000 in 1985. Real trucking rates fell nearly 20 percent over the same period. Deregulation of the rail industry led to mergers and consolidations that have slashed the number of large (Class I) carriers from 73 in 1975 to 26 in 1985. At the same time that real average revenue per ton-mile declined by 21 percent, real net railway operating income rose by over 160 percent. The structural and performance changes associated with transport "deregulation" generated substantial redistributions of wealth among carriers, labor, shippers, and final customers and dramatically altered the costs and organization of transportation services. Many of these consequences were anticipated in the debate over deregulation; others have emerged during the regulatory transition. In general, economic deregulation has led to net social benefits. However, three issues-- motor carrier safety, railroad pricing for captive shippers, and increased concentration in both industries-- have attracted growing public attention and raised questions about the desirability of competitive transportation industries. This study surveys the current state of the U.S. trucking and railroad industries and discusses developments that may merit policy attention. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Nancy L. Rose
Publisher:
ISBN: 9781330851722
Category : Reference
Languages : en
Pages : 44
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Book Description
Excerpt from An Economic Assessment of Surface Freight Transportation Deregulation Regulatory reforms during the late 1970 sand early1980s dramatically transformed the structure and performance of the U.S. surface freight transportation industry. After four decades of gradual decline, the number of firms in the interstate trucking industry exploded, increasing from 16,000 in 1975 to more than 33,000 in 1985. Real trucking rates fell nearly 20 percent over the same period. Deregulation of the rail industry led to mergers and consolidations that have slashed the number of large (Class I) carriers from 73 in 1975 to 26 in 1985. At the same time that real average revenue per ton-mile declined by 21 percent, real net railway operating income rose by over 160 percent. The structural and performance changes associated with transport "deregulation" generated substantial redistributions of wealth among carriers, labor, shippers, and final customers and dramatically altered the costs and organization of transportation services. Many of these consequences were anticipated in the debate over deregulation; others have emerged during the regulatory transition. In general, economic deregulation has led to net social benefits. However, three issues-- motor carrier safety, railroad pricing for captive shippers, and increased concentration in both industries-- have attracted growing public attention and raised questions about the desirability of competitive transportation industries. This study surveys the current state of the U.S. trucking and railroad industries and discusses developments that may merit policy attention. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Nancy L. Rose
Publisher:
ISBN:
Category : Railroads
Languages : en
Pages : 34
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Book Description
Author: Clifford Winston
Publisher: Brookings Institution Press
ISBN: 0815714386
Category : Business & Economics
Languages : en
Pages : 80
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Book Description
For close to 100 years, America's surface freight industries, primarily rail and trucking, operated under the protective wing of the U.S. government. In 1980 Congress, finding vast inefficiencies in the two industries, substantially deregulated both, opening them at last to market competition. Deregulation has brought with it many changes—for firms within the industries, for their labor force, and for shippers and their customers. Clifford Winston, Thomas M. Corsi, Curtis M. Grimm, and Carol A Evans provide a comprehensive evaluation of the effect of the deregulation legislation on the rail and trucking industries. According to the authors, deregulation has made substantial progress in solving the two most vexing problems of the surface freight transportation industry—excessive rates in the trucking industry and insufficient returns on investment in the rail industry. Competition and efficiency have returned to both industries, and although the labor force in each has suffered wage and job losses, shippers and their customers have gained roughly $20 billion a year in benefits. The authors recommend policies that would continue to promote competition and the efficient use of highway and railway infrastructure.
Author: United States. Interstate Commerce Commission. Bureau of Economics
Publisher:
ISBN:
Category : Transportation
Languages : en
Pages : 40
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Book Description
Author: Jeffrey T. Macher
Publisher: Routledge
ISBN: 0429632150
Category : Business & Economics
Languages : en
Pages : 256
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Book Description
The passage of the Staggers Rail Act in 1980 led brought a renaissance to the freight rail industry. In the decade following, economists documented the effects of the Act on a variety of important economic metrics including prices, costs, and productivity. Over the preceding years, and with the return of the industry to more stable footing, attention to the industry by economists faded. The lack of attention, however, has not been due to a dearth of ongoing economic and policy issues that continue to confront the industry. In this volume, we begin to rectify this inattention. Rather than retread older analyses or provide yet another look at the consequences of Staggers, we assemble a collection of ten chapters in four sections that collectively provide fresh and up-to-date analyses of the economic issues and policy challenges the industry faces: the first section sets the context through foundational discussion of freight rail; the second section highlights the role of freight rail in an increasingly interrelated economy; the third section examines industry structure and scope in freight rail; and the fourth section assesses current regulatory challenges that confront freight rail. This book will be of great value to researchers, academics, policymakers, and students interested in the fields of freight rail economics and policy, transportation, business history, and regulatory economics.
Author: United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation
Publisher:
ISBN:
Category : Trucking
Languages : en
Pages : 356
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Book Description
Author: John Bitzan
Publisher: Academic Press
ISBN: 0128126213
Category : Social Science
Languages : en
Pages : 380
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Book Description
Transportation Policy and Economic Regulation: Essays in Honor of Theodore Keeler addresses a number of today's important transportation policy issues, exploring a variety of transportation modes, and examining the policy implications of a number of alternatives. Theodore Keeler had a distinguished career in transportation economics, helping to shape regulatory policies concerning the transportation industries and assessing the appropriateness of various policies. A distinguishing feature of his work is that it always had policy implications. As a tribute to Theodore Keeler, this book examines transportation policy issues across a variety of transportation industries, including aviation, railroads, highways, motor carrier transport, automobiles, urban transit, and ocean shipping. The book evaluates the economic impact and effectiveness of various policies, employing empirical analyses and new estimation techniques, such as Bayesian analysis. The book is designed for transportation professionals and researchers, as well as transportation economics students, providing an in-depth analysis of some of today's important transportation policy issues. Policy changes established in the last 35-40 years have introduced profound changes in the business environment of the transportation industry. Past policy changes promoted the free market's role in setting prices and determining service availability. While 21st century policy has focused on a variety of other issues, such as safety, road and air congestion, productivity growth, labor relations and exhaust emission, many still promote the role of competition. In addition to examining various transportation policy issues in the U.S., the book explores some approaches to dealing with transportation issues in different parts of the world. Contemporary transportation policy debates have broadened from their initial focus of primarily examining the merits of reforming economic regulations at national levels, to now examining a variety of issues such as alternative methods of social regulation (such as safety regulation and emission controls), new approaches to changing economic regulations, the potential for reforming international regulations, and the appropriate role for government in transportation. - Examines transportation policy developments across a variety of modes, including some international analysis - Shows how new policy changes, such as changes in regulation, affect overall transportation system performance - Features chapters that use innovative methodologies, such as Bayesian techniques, qualitative analysis, and an attribute-incorporated Malmquist productivity index - Examines the ways that policy impacts depend on a variety of factors, and shows how economic tools can be used to gain greater insights into the likely impacts of policy and the desirability of various policies - Analyzes transport prices, quality of service, safety, the use of information technology and operating issues, highlighting how transportation enhances quality of life
Author: Yong Li
Publisher:
ISBN:
Category :
Languages : en
Pages : 72
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Book Description
Over the past two decades, the deregulation of surface transport at both national and international levels has gathered momentum, particularly within the United States and European Union. The structural and performance changes associated with transport deregulation generated substantial redistribution of wealth among carriers, labor, . shippers, -and final customers and dramatically altered the costs and organization of transportation services. Many of these consequences were anticipated in the debate over deregulation; others have emerged during the regulatory transition. In general, economic regulation has led to net social benefits. This thesis will discuss the origin of transportation regulation and the forces for regulatory reform. The effects of the removal of economic control are assessed. It also examines the issues emerging after the deregulation and possibility for re-regulation in an effort to enhance safety and reduce the environmental impact of surface transport.
Author: United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Surface Transportation
Publisher:
ISBN:
Category : Freight forwarders
Languages : en
Pages : 86
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Book Description
Author: Maidel Cason
Publisher:
ISBN:
Category : Freight and freightage
Languages : en
Pages : 28
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Book Description
